Other Notable Developments in the Past 12 Months

Two New Stores in 2005; Refurbishments for All Stores in 2006
Evolving and expanding to meet the entertainment needs of our customers,
Tower Records opened two new stores in the Southwest in 2005: Tempe, Arizona
and Henderson, Nevada.

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TOWER RECORDS Launches Massive Online Bookstore at Tower.com Featuring Over 500 000 Titles; Expands Book and Magazine Sections in Many Stores

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For example, all adult
hardbacks, including bestsellers, are 40% off, and all books are shipped at
rates lower than our competitors. Barker and his company,
Dogfish , have ventured into the gaming world with their hit, The Undying.

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tower. Customers are able to download the podcasts for
free. Novelist, playwright, screenwriter, artist and director; he is a
master at twisting the mundane into the extraordinary.
The company is focused on the creation, development and production of original
content for various facets of the entertainment industry, and more
specifically video games and graphic novels with the intention of taking such
concepts to film and television .

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com is a huge benefit to our website and our
customers," stated Russ Eisenman, Senior Marketing Officer of Tower Records.
NOTE: Tower, Tower Records, TowerRecords.Next-Generation Game Being Created by Award-Winning Developer Terminal Reality

EDISON, N. Demonik is a detailed
third-person action game that allows players to control the ultimate bad guy
-- wreaking havoc with a variety of innovative and spectacular powers and
abilities.

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Clive Barker adds, "Demonik will be an intense gaming experience.

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Tower Continues Expansion of Offerings: Past 12 Months Have Seen Tower Open
New Stores, Unveil Video Game and Electronic Product Sections In-Store and
Online, Produce Thousands of In-Store and Off-Site Events, and Enter the World
of Podcasting

SACRAMENTO, Calif. Founded in Sacramento, California,
with the singular vision to have a music store with unparalleled selection and
fair prices, Tower forges ahead with the development of exciting shopping
environments, espousing diverse product ranges, artist performances, and
technological advances in merchandising. The
Company does not undertake, and specifically disclaims any obligation , to
release publicly the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

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"Tower Records stores have always carried a selection of relevant book titles .com., Majesco Entertainment
Company (Nasdaq: COOL), a provider of diversified products and content for
digital entertainment platforms, and Tiger Hill Entertainment, an
entertainment production company co-founded by acclaimed film director John
Woo (Face/Off, MI:2) that produces both video games and feature films, today
announced, Demonik -- a next generation, third person action game franchise
with acclaimed writer/director Clive Barker. The company has four games in production ,
and is currently developing the Nintendo franchise, Metroid, as a feature
film.

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Our online store features a selection rivaling other large online booksellers. Tiger Hill is located in Santa Monica, California. The Company's actual results could differ
materially from those anticipated in such forward-looking statements due to a
variety of factors.

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com now offers an enormous and diverse selection of
fiction, audio-books, romance, history, music, children's, art, business,
health , reference, horror, sci-fi and more!
In addition, the last 12 months have seen Tower Records open new stores,
unveil video games, begin selling a range of MP3 players including iPods,
produce thousands of in-store and off-site events, and expand its podcasting
offering with a podcast network at TowerPod..

TowerPod Establishes Tower as First Retailer to Launch a Podcasting
Network
This month, Tower Records made retailing history when it became the first
retailer to launch a podcasting network.towerpod.

About Tiger Hill:
Tiger Hill Entertainment was co-founded by acclaimed director John Woo,
his producing partner Terence Chang, and industry executive Brad Foxhoven. The
Company's three product lines include Games, which includes highly anticipated
titles such as Advent Rising and JAWS(TM) Unleashed; Videos, which highlights
the Company's platform-independent video compression technology; and Gadgets,
which includes innovative digital entertainment products like Frogger(R) TV
Arcade.majescoentertainment.

Gamebooks are not just rule books, hints , cheats or descriptions of game systems; they are the games themselves.

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In-Store and Off -Site Events Every Week
Since 1960, Tower Records has been famous for its in-store appearances ,
autograph signings and live performances with top artists in the entertainment
world .

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Tower maintains its commitment to
providing the deepest selection of entertainment merchandise in stores that
celebrate the unique interests and needs of the local community.
Demonik will be their second videogame.

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Buyers are able to find books in a wide range of different formats: from
hardback to paperback, as well as books on CD and books on tape. For two years
running, the music industry has voted Tower Records "Retailer of the Year.com, Tower. He's an explorer of our darkest and
most fantastical instincts and a visionary who has shaped our dreams and
nightmares. Barker lives in Los Angeles with
his husband and daughter.

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com/books, features
today's most popular books at competitive prices.com. The company opened one of the
first Internet music stores on America Online in June 1995 and followed a year
later with the launch of Tower. The agreement furthers Majesco's
expansion into developing new intellectual properties and underscores the
Company's commitment to partner with Hollywood's top creative talent.
Foxhoven further notes that there have also been discussions about a graphic
novel and limited-edition statue to coincide with the game launch. Mr.

The genre includes Choose-Your-Own-Adventure, Lone Wolf, Fighting Fantasy, and other series.

jh bookshelf

New Product Lines: Games and Gadgets come to Tower Records
2006 is the year that consumers are able to find the latest in video games
and personal electronics at most Tower Records stores or online at Tower.com ), a breakthrough service that
provides podcasters a platform to create music-intensive podcasts using
pre-approved and rights cleared full-length songs of cutting edge and
established artists for free.

"
Demonik is set to launch in 2006 on next generation consoles and is being
developed simultaneously as a feature film by acclaimed filmmaker and writer
Clive Barker. Barker is set to oversee the story, character designs,
cinematics and voice talent for the game. And, of course, adding a little bit of Barker
darkness. No date
has yet been set for the film. As a
screenwriter, director and film producer, he is credited with the HELLRAISER
and CANDYMAN pictures , as well as NIGHTBREED, LORD OF ILLUSIONS and GODS AND
MONSTERS.

About Majesco Entertainment Company
Headquartered in Edison, NJ, Majesco Entertainment Company (Nasdaq: COOL)
is an innovative provider of digital entertainment products and content.

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Comprised of more than half
a million titles , Tower." Perhaps, however, our most
spontaneous in-store ever occurred as the clock struck midnight on Tuesday,
March 21st, when superstar Prince arrived at the world-famous Tower Records on
the Sunset Strip to give an impromptu hour-long performance of new songs and
classic hits like "Purple Rain" and "Let's Go Crazy," on the release day of
his latest album "3121.J.

doom lairs

, Tower Records, America 's
leading independent music and entertainment retailer, today announced that it
has launched a new online Bookstore at Tower. Most recently, Mr.

All trademarks are properties of their respective owners.

gamebook olli

com. There are four Tower Book stores,
and books and magazines have been featured in nearly all Tower Records
locations since the company opened its first store in 1960. As of this
month, all of Tower's 89 stores now feature numerous interactive TouchMedia

Digital Media Stations with interactive touch-screen technology that encourage
customers to scan and preview CDs and DVDs in the store. Working in collaboration with Outhink
Media, Tower launched TowerPod (http: //www.

About Tower Records
Since 1960, Tower Records has been recognized and respected throughout the
world for its unique brand of retailing. "We're confident that this
culmination of artists, storytellers, and developers will define the
action/horror genre for the next-generation consoles. Barker also has the option to write
and direct the film.

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"The launch of Books at Tower."
Tower owns and operates 89 stores in the U.com, Tower CD
Listening Station, Tower Records Videos Books, and associated logos are
trademarks and/or registered trademarks of MTS, Incorporated in the United
States and other countries.

About Clive Barker:
Clive Barker is a modern mythmaker.

mithrandir lone

In addition, for those customers who prefer the experience of shopping in
our stores, Tower Records is in the process of expanding the book and magazine
sections in many of our stores nationwide.
Some recent events at Tower Records include hosting thousands of fans in
our Northridge, CA store parking lot for a live outdoor performance by Hasidic
Reggae artist/phenom Matisyahu on March 9th. On March 14th, our Emeryville
store in the Bay Area hosted E-40, "The Ambassador of the Bay" and leader of
the Hyphy Movement, who came to greet 1200 fans on the release date of his
most-anticipated album "My Ghetto Report Card.S. Demonik promises to be a game that you will play with clammy
palms. More information about the Company can be found online at
http://www. These factors include but are not limited to, the demand
for our products; timely development and release of our products; the ability
to secure licenses to valuable entertainment properties on favorable terms;
continued consumer acceptance of the gaming platforms on which our products
operate and our products; competitive factors in the businesses in which we
compete; fulfillment of orders preliminarily made by customers; the ability to
attract and retain key personnel; adverse changes in the securities markets;
and the availability of and costs associated with sources of liquidity.

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It's more than CDs and DVDs; gamers can now find video games and video game
consoles for PS2, PSP, Xbox or Xbox 360 and portable music players including
the iPod Nano and iRiver H10. the largest international superstars, actors, authors, independent
and eclectic artists, as well as local musicians of every genre of music."
Tower has also participated in major music events, such as the venerable
South by Southwest (SXSW) Music Festival in Austin, Texas, where this month it
co-sponsored two musical showcases, one with Time Out: New York, and the other
with City Beat Los Angeles, that featured musical performances of new and
cutting edge artists. with 144 additional stores
run by licensees in nine different countries.

alike gloom

com.
In 2006, all of Tower Records' stores nationwide will receive
refurbishments and improvements to better serve our customers. I'm
having a lot of fun enriching the game's mythology and polishing the
characters till they shine.
Demonik is the latest game from award-winning developer Terminal Reality,
creators of Majesco's hit BloodRayne series.com .

Safe Harbor
Certain statements contained herein are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.

gamebooks moloch

"

Make Space on your Bookshelf
Tower's new Books section, located at: http://www.

Majesco Entertainment and Tiger Hill Entertainment Announce New Action/Horror Franchise: Demonik(TM); Acclaimed Filmmaker and Writer Clive Barker to Write and

"Demonik represents the extraordinary collaboration of some of the finest
creative talent working in Hollywood and video games today," said Ken Gold,
vice president of Marketing for Majesco. These forward-looking statements
may be identified by reference to a future period(s) or by the use of
forward-looking terminology, such as "may," "will," "intend ," "should,"
"expect," "anticipate," "estimate" or "continue" or the negatives thereof or
other comparable terminology.

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In the game,
you get to play the villain, and in the movie, you will be terrified by him,"
states Brad Foxhoven, president and co-founder of Tiger Hill Entertainment. He is also
responsible for creating some of cinema's most terrifying monsters.

Gamebooks are a form of self-contained interactive fiction; you play the part of the hero and make his/her decisions by turning to different pages and reading different sections of the book.

moloch mithrandir

com.
This is a very exciting launch for us and another positive step for Tower as
we strive to deliver the best shopping experience for our valued customers. In honor of the online book launch, the site
also features an introductory bonus offer that gives book buyers up to
$50 back to spend on future purchases at Tower.."
"Clive is known for creating great and horrific villains. He is the author of
over twenty books , including such bestsellers as THE BOOKS OF BLOOD,
WEAVEWORLD, IMAJICA, THE THIEF OF ALWAYS AND ABARAT I + II. Currently, his production company, Seraphim Films, is in
pre-production on THE MIDNIGHT MEAT TRAIN and THE PLAGUE through his Midnight
Picture Show horror label. They are also in development on several projects,
including THE THIEF OF ALWAYS, TORTURED SOULS, DAMNATION GAME, DREAD,
WEAVEWORLD AND COLDHEART CANYON.